Posts Tagged ‘funding’

Declara Lands $16M in Series A Investment

declara

PALO ALTO, Calif., April 23, 2014 – Declara, a company focused on developing technology for personal learning, today announced it has closed $16 million in Series A financing led by GSV Capital, with Data Collective, Founders Fund and Catamount Ventures joining the round. The new funding, unveiled at the annual GSV Education Innovation Summit in Scottsdale, Ariz., will be used to scale operations globally and build out the team. As part of the investment, Mark Flynn, co-managing partner of GSV Asset Management, will join the Declara board.

 

[Read how Declara individualizes large-scale learning.]

 

Declara, founded in 2012, is based on the premise that learning happens not only in schools and universities but continues for a lifetime where people need to constantly hone their skills and master new ones. The company builds a technology platform that uses semantic search, predictive analytics and machine learning to surface the right content at the right time for individuals, making learning more personalized and discovery oriented. Read more

Artificial Intelligence Company Inbenta Receives $2M in Series A Funding

inbenta

Sunnyvale, CA (PRWEB) April 17, 2014 — Inbenta, the Semantic Search Engine provider, announces it has closed a $2M Series A funding from a group of investors led by “Amérigo Chile Early Stage and Growth”. Amerigo is an international network of technological Venture Capital funds which forms part of Telefónica’s commitment to boosting technological innovation around the world. Inbenta will use the funds to continue to scale out their A.I. based Semantic Search platform for enterprise customer care solutions while expanding operations worldwide. Read more

SpazioDati Raises $1.8M Series A Investment from Cerved Group

spazioTrento, Italy, March 31 2014: Big Data and Semantic technology startup SpazioDati, with offices in Trento and Pisa, Italy, has raised a Series A investment from Cerved Group S. p. A.

The funding, which amounts to $1,8M will expand SpazioDati’s technology team and improve the capacity of  its Knowledge Graph APIs and Semantic Text analysis APIs––both technologies available on SpazioDati’s data marketplace, dandelion.eu Read more

Wise.io Raises $2.5 Million to Bring Machine Learning to Customer Experience

wise

BERKELEY, CA–(Marketwired – Mar 17, 2014) –  Wise.io today announced that it has raised $2.5 million in Series A funding led by Voyager Capital and named predictive analytics technology industry veteran Jeff Erhardt as CEO. Company co-founder Joshua Bloom will assume a new role as CTO leading the technology direction for Wise.io.

 

Machine Learning is unquestionably the future of advanced analytics for the enterprise. When I first met Wise.io, I was struck by the caliber of the team and the unequaled performance of their core technology,” said Daniel Ahn, managing director at Voyager Capital who joined the Wise.io board as part of the transaction. ”Ultimately, what distinguished Wise.io from the other vendors and compelled us to invest was their focus on providing a complete turnkey product that was easily accessible to business users.” Read more

DataRPM Raises $5.1M for Business Intelligence with NLP

datarpm

Derrick Harris of GigaOM reports, “DataRPM, a Fairfax, Va.-based startup that has built a business intelligence product based on search engine technology, has raised a $5.1 million Series A round of venture capital. InterWest Partners led the round, which follows up on a $250,000 seed round the company raised in April. As we explained in a July post about an ‘askathon’ (essentially, a business intelligence hackathon) the company was hosting, DataRPM is based on search technologies and tries to deliver a search-like experience. Data is indexed rather than modeled, and users perform queries in a search bar using natural language.” Read more

Retail Analytics Firm Raises $8M from Investors Like Nike

reflektion

Apparel.com reports, “Reflektion, a retail analytics firm, has raised $8 million in a Series B funding round led by Intel Capital and including NIKE, Inc. as well as several private investors. Reflektion provides a predictive analytics platform for retailers and brands through an easily deployable Software-as-a-Service (SaaS) model. The company plans to use the funding to support its customers — including Converse, Inc., which is currently piloting the technology, O’Neill, A.M. Leonard and RealTruck — and to launch broadly its ecommerce and business intelligence solutions in the market. The resources will also be used for additional product development, plus expanded sales and marketing activities.” Read more

DataRPM Secures $5.1 Million in Series A to Advance Cognitive BI Platform

datarpm

FAIRFAX, Va.–(BUSINESS WIRE)–DataRPM, the industry pioneer in cognitive business intelligence, today announced that it has closed a $5.1 million Series A funding round. Led by InterWest Partners and joined by CIT GAP Funds, the round will be used to accelerate DataRPM’s global go-to-market strategy. DataRPM changes the way individuals work with data, making analytics more accessible and easier to use by solving the two main barriers to the adoption of data analysis – time consuming data modeling and usability. The DataRPM business intelligence (BI) platform removes those barriers, automating the data modeling process and employing a natural language question-and-answer interface to simplify data analysis and visualization. Read more

IBM Invests in Welltok, a Health Platform Using the Power of Watson

welltok

Dan Primack of Fortune reports, “Last month, IBM committed to invest $100 million in tech startups that are leveraging Watson, the company’s famed cognitive computing platform. [Wednesday], IBM [announced] that the first portfolio company in its ‘Watson Fund’ is Welltok, a Denver-based health optimization platform. IBM is participating in Welltok’s new $22 million Series C funding round, which is being led by venture capital firm New Enterprise Associates. Also investing is Qualcomm Ventures and existing Welltok shareholders Emergence Capital Partners, InterWest Partners, Miramar Venture Partners and Okapi Venture Capital.” Read more

Former AOL CTO Raises Funds for Concurix Semantic Monitoring Service

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John Cook of GeekWire reports, “Concurix, a Kirkland startup led by former AOL Chief Technology Officer Alexander Gounares, has $1 million in fresh capital that it will use to continue development of a monitoring service that helps developers visualize millions of lines of codes. Total funding in the startup now stands at $2 million, following an earlier round that closed last year from GSharp Ventures and others. Just yesterday, Concurix announced a new “semantic monitoring service” for Node.js applications. ‘We are able to automatically instrument and monitor an entire Node.js application, even ones with millions of lines of code,’ Gounares tells GeekWire. ‘This enables our customers to to quickly find and diagnose performance bottlenecks and latency issues in their web and mobile applications, improving their own customer experience and reducing data center costs’.” Read more

Mobile Republic Raises $6M for News Aggregator

Mobile Republic

Liam Boogar of Rude Baguette reports, “At the Intel Capital Global Summit today in San Diego, California, Bordeaux-based startup Mobiles Republic (which runs News Republic) announced a $6 Million round of funding from Intel Capital, XAnge Private Equity & Creathor Venture, in order to support product development & expansion into the US market. The application relies on a powerful real-time semantic engine which allows them not only to provide ‘context aware advertising’ but also to filter based on personalized preferences.” Read more

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